iShares U.S. Basic Materials ETF (NYSEARCA:IYM) Sees Significant Decrease in Short Interest

Posted by Jessica Moore on Oct 14th, 2026

iShares U.S. Basic Materials ETF (NYSEARCA:IYM – Get Free Report) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 28,483 shares, a decline of 65.7% from the September 15th total of 82,938 shares. Based on an average daily volume of 185,498 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.4% of the shares of the stock are short sold.

iShares U.S. Basic Materials ETF Price Performance

IYM traded down $1.76 during trading on Wednesday, hitting $180.33. The company’s stock had a trading volume of 84,782 shares, compared to its average volume of 218,665. iShares U.S. Basic Materials ETF has a twelve month low of $139.08 and a twelve month high of $197.36. The stock has a market cap of $1.36 billion, a PE ratio of 22.43 and a beta of 0.98. The firm’s 50 day moving average price is $186.43 and its 200-day moving average price is $183.18.

Institutional Trading of iShares U.S. Basic Materials ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Tidal Investments LLC raised its stake in iShares U.S. Basic Materials ETF by 4.6% during the 2nd quarter. Tidal Investments LLC now owns 1,762 shares of the company’s stock valued at $316,000 after purchasing an additional 77 shares during the period. Compass Financial Management LLC bought a new position in iShares U.S. Basic Materials ETF during the 2nd quarter valued at about $29,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of iShares U.S. Basic Materials ETF during the first quarter valued at approximately $36,000. Ascentis Independent Advisors bought a new position in iShares U.S. Basic Materials ETF in the 1st quarter valued at $40,000. Finally, Angeles Wealth Management LLC bought a new stake in iShares U.S. Basic Materials ETF during the 1st quarter valued at about $41,000.

iShares U.S. Basic Materials ETF Company Profile

(Get Free Report)

The iShares U.S. Basic Materials ETF (IYM) is an exchange-traded fund that mostly invests in materials equity. The fund tracks a broad, market-cap-weighted index of US basic materials companies that includes raw materials such as metals, chemicals and forestry products. IYM was launched on Jun 12, 2000 and is managed by BlackRock.